TIDM96DV

RNS Number : 8465J

Vattenfall AB

29 April 2022

Vattenfall - interim report, January-March 2022

Financial highlights, January-March 2022

   --      Net sales increased by 30% (27% excluding currency effects) to SEK 59,579 million (45,911) 
   --      Underlying operating profit of SEK 9,504 million (12,053) 
   --      Operating profit of SEK 12,783 million (13,385) 
   --      Profit for the period of SEK 6,064 million (10,423)

Business highlights , January-March 2022

-- Continued high and volatile electricity prices and record-high differences between price areas in the Nordics.

-- The Swedish government decided to permit a final repository of spent nuclear fuel and radioactive waste.

-- Strong customer growth in Germany and continued expansion of charging solutions for electric vehicles.

-- Planning consent granted for the offshore wind farm Norfolk Vanguard in England and awarded rights to develop a floating wind farm off the coast of Scotland.

   --      Inauguration of the biofuel-fired heat plant, Carpe Futurum, in Uppsala. 
   --      Vattenfall has decided to stop purchasing coal and nuclear fuel from Russia.

-- HYBRIT to receive EUR 143 million in support from the EU Innovation Fund as announced after the end of the quarter.

The complete interim report and presentation images are available on group.vattenfall.com .

At a live webcast at 09.30 CEST Vattenfall's President and CEO Anna Borg and CFO Kerstin Ahlfont will present the results together with Head of Strategic Development Andreas Regnell.

Link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_YjBhMGNlZTUtN2E5Ni00Y2FkLWFkZjEtYzhkZTc5MGE4NDY4%40thread.v2/0?context=%7b%22Tid%22%3a%22f8be18a6-f648-4a47-be73-86d6c5c6604d%22%2c%22Oid%22%3a%2243cc99ca-115f-4458-87ff-d6c1813f27ca%22%2c%22IsBroadcastMeeting%22%3atrue%7d&btype=a&role=a

To join by telephone, please dial one of the numbers below a few minutes before the webcast starts.

+46 (0) 8 5051 0031 (Sweden)

+44 (0) 207 107 0613 (UK)

Vattenfall AB is obliged to disclose information of this nature under the EU Market Abuse Regulation. The information was submitted for publication on 29 April 2021 at 08:00 am CEST by the following contact persons .

For more information, contact:

Johan Sahlqvist, Head of Group Control & Investor Relations, +46 (0)72 226 40 51

Markus Friberg, Head of Media Relations, +46 (0)70 261 30 84

Vattenfall's Press Office, +46 (8)739 50 10

press@vattenfall.com

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April 29, 2022 02:11 ET (06:11 GMT)

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